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Business for sale: £.
Em&F are pleased to present to the market this superbly appointed, long established and well regarded card and gift shop situated in an ideal spot in the pedestrianised area of the market town of St. Ives.
With a strong consistent turnover and healthy profit margins this is an excellent opportunity for someone new to take over the reins and continue to reap the success and benefits that the current owners have enjoyed over the past 19 years.
If you are looking for a solid performing retail business which has been one of the mainstays of the local community for many years then this could be just the right fit for you.
The business itself
Being well positioned the business has been producing a constant level of turnover in the region of £270k, generating a reconstructed net profit of £62k (1st April 2018 to 31st March 2019), with the good level of profit margins one would expect of a business such as this.
Stocking an extensive range of cards for all occasions and from suppliers such as Woodmansterne, clients can be assured of being able to find exactly the card they are after every time, meaning this will be the first place they look when a card is needed.
In addition the business stocks a large range of gifts for all events and needs from children's birthdays to weddings and christenings, with a good selection of accessories including wrapping paper, gift bags and balloons. There are also additional items available such as ladies scarfs, bags and jewellery as well as books and home ornaments.
The business provides a large selection of confectionery products and is well known for its range of delicious ice-creams which are a particular big seller in the warmer months of the year.
Accommodation all measurements are approximate and for guidance only.
The sizeable premises have an attractive glazed frontage under canopy which tempts customers in and also provides an ice cream service point to capture passing trade. Internally the main retail area measures in total approximately 115 sq m / 1200 sq ft offering plenty of room to display the full range of stock available.
Fitted out to a very high standard and in our opinion needing no upgrading there is an extensive range of quality fittings and display units from central and wall fitted card shelving, freestanding carousels, and glass cabinets for gifts. The large service counter has two till points, a glass chocolate servery with further shelving behind and ice cream service point with freezer below. The premises are very well lit, with two air conditioning units and quality flooring which all appear to be in very good condition.
Through a secure door the back of store area is again of a good size and provides an office with room for a desk and filing cabinet with additional work surface and shelving with domed roof light above. Continuing through is a storage area with built in racking and a kitchenette area with sink and water heater. In a separate room off is a dedicated cold store for the stock of chocolates with fitted shelving and air conditioning unit which regulates the temperature within. Further on into the now enclosed outside store there is additional space for storage racking and back up freezers for the ice creams. A further room off this area again provides more room for racking and freezers. Through this room you will also find the staff toilet and washroom. There is also additional useful storage space on the first floor of the building which is accessed separately via the rear of the property. There is certainly not a lack of space with this property!
For more information about this property, please contact Everett Masson & Furby, NR1 on +44 1603 963504 * (local rate)
Contact Everett Masson & Furby about this property
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